Left Menu
Development News Edition

Tata Motors stock price tumbles after JLR's decision to cut jobs

Tata Motors stock price tumbles after JLR's decision to cut jobs
(Image Credit: Pixabay)

Shares of Tata Motors fell 3 per cent Friday after the company-owned Jaguar Land Rover said it is undertaking adjustment of vehicle production at its plant at Wolverhampton, England, as a result of which 250 temporary jobs will be affected.

The stock went down 3.02 per cent to end at Rs 171.95 on BSE. During the day, it declined 3.83 per cent to Rs 170.50.

The scrip was the worst hit among the 30-blue chips.

At NSE, shares of the company slipped 2.99 per cent to close at Rs 171.95.

The company further said it will undertake a two-week production pause at the plant in December and has asked 500 workers to stay at home although they would continue to draw salaries during the period.

Terming the external environment as challenging, the company said it is taking decisive actions to achieve the necessary operational efficiencies to safeguard long-term success.

(With inputs from agencies.)



Sentiment Analysis of Twitter users during COP 25: Governments losing trust on Climate Action

Sentiment analysis of Twitter users during COP25 in Madrid, being held from December 2-13, shows widespread fear on climate change due to global warming but almost no trust on governments in meeting the emission targets. In the analysis the...

These innovators are making humanitarian response more efficient

These alarming trends prompt a call for the world to not only address the ongoing crisis but also to adopt innovative approaches to fulfill the growing humanitarian needs in such emergencies. ...

Hyderabad Encounter: A sentiment analysis of public mood on day of encounter

Sentiment analysis of twitter users revealed that they showered salutes on Hyderabad police for eliminating alleged gang rapists of the veterinary doctor but only a few believe in cops version of successive events leading to encounter....

Hyderabad Encounter: Time to review modern judiciary and restore people’s confidence

Its probably for the first time in the history of independent India, the parliamentarians, chief ministers and ministers in the Union and State governments are openly supporting an encounter. This indicates the people from top to bottom hav...


Latest News

UPDATE 3-UK Labour Party blame game begins as crushing defeat looms

Labour leader Jeremy Corbyn faced calls to quit on Friday, after equivocation over Brexit and his limited personal appeal contributed to a collapse in traditional strongholds and what looks like his partys worst election defeat in 84 years....

Lightning stay hot, Bruins keep slumping

Steven Stamkos scored twice, including one of Tampa Bays two power-play goals, to propel the Lightning to a 3-2 win over the visiting Boston Bruins on Thursday night. Brayden Point also netted a power-play goal, and Nikita Kucherov recorded...

FACTBOX-UK election: Conservatives make net gain of 16 seats so far

Prime Minister Boris Johnsons Conservatives have made a net gain of 16 seats so far. Most results are expected between 0200 and 0500.Here is a list of the Conservative partys gains and losses. CONSERVATIVE GAINS - 19From Labour Blyth Valley...

UPDATE 10-EU leaves Poland out of 2050 climate deal after standoff

The European Union left Poland out of a 2050 climate neutrality agreement on Friday after hours of summit haggling with three poorer eastern member states that demanded more funds for economic transition and support for nuclear power.The Cz...

Give Feedback